Breaking News: UIF Creates Millionaires


A 65-year-old pensioner from Hammanskraal, received an astronomical R4.7 million payment into his bank account on the 25th of April. 


The retired bus driver thought it was from the decades of UIF contributions made during his career.  By the time the UIF managed to track him down, he already spent R100,000 of the money. 


The payment was intended for a company and was to be used to assist a 1,000 of his former colleagues.  The UIF has failed to explain how such an enormous amount was paid into the wrong account, and was unable to explain why criminal charges have not been laid.

 

In another incident, R5,6 million intended for 200 employees, was paid into the account of one man, Tshepang Phohole.  Phohole allegedly moved the money immediately, transferring large amounts into the accounts of several of his associates. 

The resulted in the Asset Forfeiture Unit having to freeze 28 accounts. 

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